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Sep 30, 2020
Scripps Q3 2020 Earnings Report
Reported record political advertising revenue, significant retransmission revenue growth, and double-digit National Media revenue growth.
Key Takeaways
Scripps reported a strong third quarter with significant revenue growth driven by record political advertising and retransmission revenue. The company is on track to exceed its free cash flow guidance for the year.
Scripps will buy ION Media for $2.65 billion.
Local Media political advertising revenue totaled about $265 million through Election Day.
Third-quarter Local Media retransmission revenue was $152 million, up 39% from Q3 2019.
Newsy grew revenue by 30%, to $12.9 million.
Scripps
Scripps
Scripps Revenue by Segment
Revenue by Segment
Local Media Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Scripps has suspended issuing new guidance because of the economic uncertainty caused by the COVID-19 pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income